GRI, the global club of senior real estate investors, developers and lenders, is hosting its annual two-day British conference in five weeks amid a context of renewed uncertainty in global markets. This year’s two-day conference, on 3-4...
Tishman Speyer has financed its £132.5m purchase of London headquarters of The Economist Group with a £75m five-year senior loan from Deutsche Pfandbriefbank (PBB). The Economist Plaza, located at 25 St James’s Street, comprises three...
Chancellor George Osborne’s eighth Budget was unexpectedly more difficult than he would have envisaged three months ago, with ambitions tempered by a slowdown in global growth and a worsening of the outlook for the world economy. Mr...
BAML priced the €317m Kingfisher CMBS transaction, sponsored by Blackstone, at an estimated marginal profit, despite selling the two junior tranches at a discount. The final capital structure for TAURUS 2016-1 DEU – which is the...
Logicor, Blackstone’s European logistics platform, has selected BAML to refinance Certeum’s logistics property portfolio with a €575m five-year senior loan which the investment bank will either securitise in a new CMBS transaction or...
BAML has issued initial pricing guidance for the securitization of a €333.7m loan extended to Blackstone, with the weighted average bond coupon expected to fall around 300 basis points. The TAURUS 2016-1 DEU transaction is the...
Lloyds Bank closed approximately £9bn worth of UK commercial real estate (CRE) loans in 2015, of which an estimated £2bn to £3bn was syndicated through the bank’s commercial real estate team. The £9bn total is comprised of Lloyds’...
Deutsche Pfandbriefbank (PBB) reported a 16% rise in real estate lending to €10.4bn in 2015, a level the bank expects to match in 2016, despite warning of further margin compression and potential increases to its funding costs. PBB’s...
With just 10 days before the NPL Europe 2016 spring summit kicks off in London, CoStar News speaks to three of the key companies participating to hear their thoughts on the dynamics of the European non-performing loan market space....
Kennedy Wilson Europe Real Estate (KWE) has announced a second tranche of asset disposals, with around £200m worth slated for sale by mid-2017, as the fast-maturing listed property company seeks to crystallise profits and redeploy...